Trump's new Media conglomerate has accelerated purely on speculation, which makes it a perfect Elliott Wave example. I would expect one more low to the $30-40 range and then another move to $700+ in the coming weeks. We won't know red vs green count until we see the form off the low. These counts are less likely under $20 and invalid under $10.
In this count, BNB finished its 1st wave at the .618 retrace of the major 2 that bottomed in December 2018. Red alternative ending at the .786 is also presented which would see a pullback ideally do the $15 region.
In the primary count, we're either looking for a bottom in the triangle with a high B-wave, or we've already started up to circle-3 as a leading...
We're at a critical point where $ETH has either topped in a C wave or is about to, or we're just in a wave 2 after a high 1 and the bulls will be right back at it. If we break $112 on Coinbase, we're likely heading to the $45-55 range.
